Penserra Capital Management LLC Has $3.40 Million Holdings in TripAdvisor, Inc. (NASDAQ:TRIP)

Penserra Capital Management LLC lessened its stake in TripAdvisor, Inc. (NASDAQ:TRIP - Free Report) by 7.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 240,102 shares of the travel company's stock after selling 18,828 shares during the quarter. Penserra Capital Management LLC owned approximately 0.17% of TripAdvisor worth $3,402,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Tsfg LLC acquired a new position in shares of TripAdvisor during the 1st quarter worth approximately $35,000. Aster Capital Management DIFC Ltd lifted its position in TripAdvisor by 83.8% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 3,414 shares of the travel company's stock worth $50,000 after acquiring an additional 1,557 shares during the last quarter. Wealthfront Advisers LLC bought a new stake in shares of TripAdvisor during the fourth quarter worth approximately $87,000. Sterling Capital Management LLC grew its position in shares of TripAdvisor by 55.5% in the fourth quarter. Sterling Capital Management LLC now owns 6,219 shares of the travel company's stock valued at $92,000 after purchasing an additional 2,219 shares during the last quarter. Finally, Covestor Ltd grew its position in shares of TripAdvisor by 806.6% in the fourth quarter. Covestor Ltd now owns 6,564 shares of the travel company's stock valued at $97,000 after purchasing an additional 5,840 shares during the last quarter. 98.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TRIP has been the topic of a number of research reports. Mizuho raised TripAdvisor to a "hold" rating in a report on Friday, April 18th. DA Davidson set a $16.25 price target on shares of TripAdvisor in a research note on Tuesday. JPMorgan Chase & Co. lifted their price objective on shares of TripAdvisor from $11.00 to $13.00 and gave the stock an "underweight" rating in a research note on Friday, May 9th. UBS Group increased their target price on shares of TripAdvisor from $15.00 to $16.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Finally, Citigroup initiated coverage on shares of TripAdvisor in a research report on Wednesday, May 28th. They issued a "neutral" rating and a $16.00 price target for the company. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, TripAdvisor presently has a consensus rating of "Hold" and a consensus price target of $17.27.

Insider Activity

In related news, CEO Almir Ambeskovic sold 16,643 shares of TripAdvisor stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $15.33, for a total value of $255,137.19. Following the transaction, the chief executive officer directly owned 15,931 shares of the company's stock, valued at $244,222.23. The trade was a 51.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.10% of the stock is owned by company insiders.

TripAdvisor Price Performance

TRIP stock traded down $0.16 during trading on Wednesday, reaching $17.33. 2,934,868 shares of the company were exchanged, compared to its average volume of 2,705,086. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.90 and a quick ratio of 1.90. TripAdvisor, Inc. has a twelve month low of $10.43 and a twelve month high of $18.66. The company has a market capitalization of $2.46 billion, a price-to-earnings ratio of 46.84, a P/E/G ratio of 3.03 and a beta of 1.28. The company has a 50-day moving average of $14.29 and a two-hundred day moving average of $14.56.

TripAdvisor (NASDAQ:TRIP - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The travel company reported $0.14 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.09. The company had revenue of $398.00 million for the quarter, compared to analyst estimates of $386.94 million. TripAdvisor had a net margin of 2.94% and a return on equity of 10.68%. TripAdvisor's revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.12 earnings per share. As a group, equities analysts predict that TripAdvisor, Inc. will post 0.46 earnings per share for the current fiscal year.

About TripAdvisor

TripAdvisor, Inc operates as an online travel company, primarily engages in the provision of travel guidance products and services worldwide. The company operates in three segments: Brand Tripadvisor, Viator, and TheFork. The Brand Tripadvisor segment offers travel guidance platforms for travelers to discover, generate, and share authentic user-generated content in the form of ratings and reviews for destinations, points-of-interest, experiences, accommodations, restaurants, and cruises.